When it comes to fueling up your vehicle, most of us always look for ways to save a little extra. One of the most convenient ways to do this is by using a fuel credit card. These cards offer a range of benefits, from cashback on fuel purchases to discounts and reward points that you can redeem for a variety of perks. Two popular options in India are the RBL Bank Indian Oil XTRA Credit Card and the SBI BPCL Octane Credit Card. But which one is the best for you? Let’s dive into their key features, benefits, pros and cons, and help you make an informed decision.
RBL Bank Indian Oil XTRA Credit Card
Key Benefits:
The RBL Bank Indian Oil XTRA Credit Card is a great option for those who frequently refuel at Indian Oil stations. It is a fuel-focused credit card that not only provides discounts but also offers excellent cashback rewards.
- Fuel Benefits: You earn up to 8.5% cashback on every purchase made at Indian Oil petrol stations. Whether you’re filling up your tank or buying lubricants, this card offers exceptional fuel savings.
- Reward Points: For every ₹150 spent, you earn 2 reward points on regular purchases. These points can be redeemed for various benefits, including fuel, travel, shopping, and more.
- Fuel Surcharge Waiver: Enjoy a waiver on fuel surcharge at Indian Oil stations (up to ₹100 per statement cycle), which helps you save even more when refuelling.
- Exclusive Offers: The card also gives you access to exclusive offers, discounts, and deals at various partner merchants.
Cashback Structure:
- Fuel Spend: Get up to 8.5% cashback on fuel purchases at Indian Oil stations.
- Other Spend: Earn 2 reward points for every ₹150 spent on other categories.
Pros:
- High cashback on fuel purchases at Indian Oil.
- Fuel surcharge waiver up to ₹100 per month.
- Flexible reward points that can be redeemed for various products and services.
- 2 reward points on regular spending, allowing you to earn even on non-fuel purchases.
Cons:
- Best suited for Indian Oil customers – if you don’t frequently use their stations, the benefits may not be as impactful.
- The annual fee can be a deterrent for some (₹1500 + GST), but it is worth considering if you regularly fuel up at Indian Oil.
Best For:
The RBL Bank Indian Oil XTRA Credit Card is ideal for those who are loyal Indian Oil customers and want a credit card that rewards fuel purchases, with additional perks for other spending as well.
Apply Now:
If this sounds like the perfect card for you, apply for the RBL Bank Indian Oil XTRA Credit Card here and start saving on every refuel!
2. SBI BPCL Octane Credit Card
Key Benefits:
The SBI BPCL Octane Credit Card offers great value for individuals who refuel at BPCL petrol stations. This card combines cashback, discounts, and the potential for earning valuable reward points.
- Fuel Benefits: You can earn a generous 7.5% cashback on fuel purchases at BPCL outlets. This is one of the highest cashback rates for fuel cards in India.
- Reward Points: You also earn 2 reward points for every ₹100 spent on non-fuel purchases. These points can be redeemed for a variety of options, from fuel to shopping vouchers and more.
- Fuel Surcharge Waiver: The card comes with a fuel surcharge waiver of 1% (up to ₹100 per month), providing additional savings on fuel.
- Welcome Benefits: New cardholders get instant discounts on fuel purchases and a chance to earn bonus reward points as a part of the welcome offer.
Cashback Structure:
- Fuel Spend: Earn 7.25% cashback upto ₹ 4000 on BPCL fuel purchases.
- Other Spend: 2 reward points for every ₹100 spent on regular purchases.
Pros:
- 7.25% cashback upto ₹ 4000 on fuel purchases at BPCL, which is quite high compared to many other fuel cards.
- Fuel surcharge waiver of up to ₹100 per month.
- Reward points for all your purchases, making it ideal for both fuel and non-fuel spenders.
- Welcome offers that provide instant savings on fuel and bonus points.
Cons:
- Primarily beneficial for BPCL customers; those who don’t use BPCL stations may not get the full advantage.
- Annual fee (₹1,500 + GST) might seem higher than other cards, though the benefits more than make up for it.
Best For:
If you’re someone who frequently refuels at BPCL outlets or plans to, the SBI BPCL Octane Credit Card is one of the best choices. Its high cashback rate on fuel purchases, along with its attractive reward points on other spends, makes it a top contender in the fuel credit card market.
Apply Now:
Ready to start saving on every fill-up? Apply for the SBI BPCL Octane Credit Card here and enjoy great rewards today!